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Economic Currents

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UHERO Hawai'i Quarterly Forecast Update: Weak Growth Expected in New Year

Posted December 18, 2009 | Categories: Hawaii's Economy, Economic Forecasts

Prospects are good for an early-2010 return to growth in Hawai'i. Recent data suggest we are past the trough of the visitor industry downturn, and gradual improvement will occur as the global recovery takes hold. The construction cycle is expected to bottom out late next year. After steep losses, most industries will begin to start adding jobs early in the new year. The pace of recovery will be modest, because of lingering weakness in the U.S. and Japan and the disastrous State budget picture.

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